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Wednesday, 25 January 2017

Asia stocks set to rise on US cues; dollar bounces

Asian stocks are set to climb to fresh three-month highs on Wednesday following a stronger Wall Street as investors welcomed US President Donald Trump's eagerness to deliver on his campaign promises. Trump's shift back to growth initiatives including promising corporate tax breaks to fuel investment at home after focusing on protectionism in the first few days snapped the US dollar's losing streak and pushed Treasury yields higher.